Wealth and Asset Management
Bank of America wealth arm registers 3% dip in Q3 profit
The Global Wealth and Investment Management unit of Bank of America has recorded a net income of $1.19bn for the third quarter of 2022, down 3% compared with $1.23bn a year ago. For the quarter ended 30 September 2022, the unit’s revenue rose by 2% year-on-year to $5.43bn. The increase…
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